Expect to start hearing a lot more about them in the coming months. It begin broadcasting on February 28, 2017. For the year ended December 31, 2022, we paid dividends of $1.00 per share. The channel's corporation comes with $200 million in net operating losses that SBGI can use to offset future income thus reducing taxes. Then, just days before the election, Sinclair aired parts of a documentary critical of the anti-Vietnam War activities of John Kerry, the Democratic nominee. -, SINCLAIR BROADCAST GROUP INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL Now It Faces a $48 Million Fine", "Video Reveals Power Of Sinclair, As Local News Anchors Recite Script In Unison", "Sinclair's new media-bashing promos rankle local anchors", "Analysis: Sinclair responds to flap over must-run segments", "Sinclair Made Dozens of Local News Anchors Recite the Same Script", "PUSH pushing FCC over Sinclair/Glencairn", "FCC fines Sinclair for Glencairn control", "Sinclair adding 2 TV stations Oklahoma and Kentucky deals make local group major independent force; Broadcasting", "Time Warner Network Exults As Sinclair Moves 5 Affiliates", "Sinclair to purchase Sullivan Deal could be worth $1 billion, gives firm 14 new TV stations; Most are Fox affiliates; Company continues to gain outlets in mid-size markets; Broadcasting", "Sinclair closes on Max Media acquisition", "KCTV owner pays $26.8M for WB affiliate's assets", "Baltimore Sun: Baltimore breaking news, sports, business, entertainment, weather and traffic", "Sinclair Broadcast warns of possible bankruptcy", "ROH Breaking News: Ring of Honor sold ROH announces official sale of the promotion; new television distribution", "Sinclair Buys Four Points Media For $200M", "Sinclair Grabs Four Points Stations for $200 Mil", "Sinclair Buying Freedom For $385 Million", "Sinclair Inks Shared Services Deal for WWHO Columbus", "Sinclair Reups With Fox, Gets WUTB Option", "Sinclair In An Acquisition State Of Mind", "Newport Sells 22 Stations For $1 Billion", "Sinclair Broadcast to buy 7 TV outlets for $452.5M", "Application for consent to assignment of broadcast station construction permit or license", "Sinclair's Chesapeake TV Acquires Barrington Stations", "Sinclair to pay $99M for four Cox Media TV stations", "Application For Consent To Assignment Of Broadcast Station Construction Permit Or License", "FCC approves sales of three Syracuse TV stations", "Official: Sinclair Buys Fisher For $373.3M", "Entercom to buy 43 Sinclair radio stations", "Sinclair to sell 6 stations to Emmis, settling lawsuit", "SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Fisher Communications, Inc. in Connection With the Sale of the Company to Sinclair Broadcast Group, Inc", "Fisher Communications, Inc. (FSCI) Investor Lawsuit to Stop Takeover by Sinclair Broadcast Group Announced by Shareholders Foundation", "Fisher Reaches Settlement In Shareholder Suit", "Fisher Shareholders Approve Sale To Sinclair", "Sinclair Broadcast Group Closes On Fisher Communications Acquisition", "Sinclair Buys 6 Titan Television Stations", "Application For Consent To Transfer Control Of Entity Holding Broadcast Station Construction Permit Or License (KDBC-TV)", "General manager at KFOX, John Witte, retires", "Application For Consent To Transfer Control Of Entity Holding Broadcast Station Construction Permit Or License", "Sinclair Closes on Stations Purchased by Titan TV Broadcast Group", "Sinclair to Buy Dielectric for <$5 Million", "Sinclair to Buy TV Stations From Allbritton", "Sinclair Buying Allbritton Stations For $985M", "Sinclair To Surrender Licenses To Three TV Stations, Blames New FCC TV Ownership Restrictions", "Sinclair to surrender licenses to three TV stations", "Sinclair Giving Up 3 Stations To Appease FCC", "Sinclair Broadcast Group to pay $90M for eight New Age Media TV stations", "Sinclair To Buy 8 New Age Stations for $90M", "Sinclair Reports Third Quarter 2014 Financial Results", "Sinclair Broadcast Group, Inc. Form 10-Q", "GetTV Signs Big Affiliation Deal With Sinclair", "Sinclair Launches American Sports Network", "Sinclair launches division to create original TV content", "Media General, LIN Sell Stations In 5 Markets", "Media General, LIN Divest Stations in Five Markets", "Sinclair Buying KSNV Las Vegas For $120M", "Howard Stirk Holdings Grabs WCIV for $50,000", "DESCRIPTION OF TRANSACTION AND UNIQUE SERVICE TO BE PROVIDED", "APPLICATION FOR CONSENT TO ASSIGNMENT OF BROADCAST STATION CONSTRUCTION PERMIT OR LICENSE", "APPLICATION FOR CONSENT TO ASSIGNMENT OF BROADCAST STATION CONSTRUCTION PERMIT OR LICENSE (WJSU-TV)", "Sinclair Broadcast exceeds second-quarter profit forecasts", "Sinclair Broadcast forms venture with former Disney CEO Eisner to create TV shows", "Sinclair Ups Pair of Execs to Consolidate TV Programming, Reorganize Promotion, Publicity", "Sinclair Scores Tennis Channel With $350M Acquisition Deal", "Sinclair Launches Six Drone Teams; 40 Planned by End of 2017", "New online lifestyle magazine to debut in Greater Washington", "Sinclair launches first-of-kind TV network featuring digital content", "Meet TBD TV The Newest OTA/Online TV Station", "MGM, Sinclair Unwrap New Action Diginet", "Sinclair Broadcast shuffles top management in second round of changes", "Sinclair Broadcast acquires Tennis.com, magazine for $8 million", "Sinclair Buying Bonten Stations For $240M". [93] At the NATPE conference on January 17, 2017, SBG and MGM announced a second TV network, Charge!, a new digital subchannel network focusing on action-adventure based programming. [188] At least 66 Sinclair-owned stations produced their own version of the message, with the first being aired on March 23, 2018. If you see comments in violation of our rules, please report them. Mr. Epshteyn managed the surrogate operation of the White House and Administration as well as appeared as an on-air spokesman for the Administration. The sharing of biased and false news has become all too common on social media. But Sinclair is not a fairly standard media company. See Note 7. Personal insults, shill or troll accusations, hate speech, and other incivility violations can result in a permanent ban. [242], Keyser Capital sold on March 7, 2017, Alarm Funding Associates, LLC to Riverside Partners' RPAFA Investors, LLC for $200 million netting pre-tax $70 million.[244]. According to the Center for Responsive Politics (Open Secrets), the Sinclair Broadcast Group has donated$1,143,508 or 80% to Republican candidates since 1994. Washington, [4], On the first of April 2021 Sinclair anchorman Reed Cowan said that if WE Charity did not pay him $20 million, he would use Sinclair Broadcast Group's television platforms to disparage a Canadian charity which builds schools in Africa. [36], Sinclair acquired six stations from Newport Television, along with existing operational agreements for two other stations, for $412.5million (equivalent to $487million in 2021) on July 19, 2012, as part of a larger dispersal of Newport's 22-station portfolio. [70][71] New Age Media and MPS Media terminated the deal on October 31, 2014, more than a year after it was announced. Circa News, an online outlet bought by Sinclair in 2015, has become a favorite of Sean Hannity among other Fox News personalities, along with far-right troll Mike Cernovich and Donald Trump Jr., with what critics claim is a stealthy emphasis on right-leaning, Trump-friendly content, according to The Daily Beast. Romneys record received less scrutiny. You're gonna have to kill some crackers! [The New York Times, 5/3/17]. Since its founding in 1971, the Sinclair Broadcast Group has come to own or operate nearly 200 television stations in some 100 markets covering more than 40 percent of American households. After media reports regarding the interview emerged, Sinclair received substantial criticism, resulting in Sinclair cancelling televised broadcast and removing the video from Sinclair-affiliated websites. [212], Despite a plea from Iowa's Congressional delegation urging the two sides to submit to binding arbitration, Sinclair rejected the plea on January 11. We are an employer of choice in the broadcast industry. media related revenues. Traffic/Popularity: High Traffic Here, theres little doubt that anyone on staff that contributes to the corporate PAC, their money will not only be used to promote Sinclairs policy preferences around broadcasting laws, but general conservative political causes and candidates.. The sale would have given Sinclair ownership of additional stations within the top-10 markets, along with ownership of a stake in Food Network, WGN America, and other additional assets,[103] To comply with Department of Justice antitrust and FCC ownership regulations, it was suggested that Sinclair would have to divest stations in multiple markets. which gives top Distributors purchasing power. SINCLAIR BROADCAST GROUP INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL The outlet also noted that one of Circas reporters is a frequent guest on Hannity to discuss her blockbuster stories alleging various improprieties by former President Obamas national security adviser Susan Rice and fired FBI director James Comey, and casting doubt on rival media reports of possible Trump campaign collusion with Russia. From the July 12 article: In late 2015less than a year after that Wired [profile]Circa was purchased for an estimated $800,000 by the Sinclair Broadcast Group, the nations biggest owner of local television stations. See explanation under Corporate and Unallocated Our research analyzes local news broadcasts across the country, comparing Sinclair-owned stations' coverage patterns to those of other stations in the same market and, when Sinclair acquires . The KECI station manager told HuffPost that the station did not have specific instructions or any instruction from Sinclair regarding the Gianforte story. February 2023, we declared a quarterly cash dividend of $0.25 per share. Eligible employees were encouraged to contribute to the broadcaster's political action committee. I think its a cool trend that you have news sites with names like Axios and Circa that almost sound like think tanks. However, while LMAs would become an integral part of the company's business model in subsequent years, Sinclair's plans to acquire KOKH-TV in Oklahoma City through Glencairn, which would subsequently attempt to sell five of its 11 existing LMA-operated stations to Sinclair outright in turn (with Sinclair stock included in the deal) was challenged by the Rainbow/PUSH coalition (headed by Jesse Jackson) to the Federal Communications Commission (FCC) in 1998, citing concerns over a single company controlling two broadcast licenses in the same market in violation of FCC rules. He also said Sinclair stations all over the country reported that the FBI may have had a personal vendetta against Trumps former national security adviser Michael Flynn, aired anti-Clinton segments before the 2016 election, framed questions of the day for viewers in a pro-Trump fashion, and suggested issues regarding Islam somehow relate to terrorism. and amortization of definite-lived intangible assets and other assets. The segments will have a billboard, meaning theyre sponsored, but will not be sponsored content, a Sinclair spokesperson said. June 11, 2022 . Fuck Sinclair, their blatant propaganda and their take over of the public airwaves. [158][159][160], Sinclair often mandates its stations to air specific reports, segments, programs and editorials, referred to as "must-runs"; the full-length programs airing on the weekend include Armstrong Williams's weekly talk show, and Full Measure with Sharyl Attkisson. [127][128], In March 2021 Sinclair laid off 550employees, which represented about 5% of its workforce, citing the COVID-19 pandemic. Sinclair Broadcast Group, the country's largest operator of local television stations, is in the process of buying Tribune Media. [189] Sinclair-owned WMSN-TV refused to air the message (although its news is produced by Morgan Murphy Media-owned WISC-TV). That's how Putin wins. Soft money donations to In 2015, Sinclair gave discredited former CBS reporter Sharyl Attkisson her own show to air on Sinclairs stations. [190], The promos began to receive mainstream media attention after the sports blog Deadspin, as well as ThinkProgress, posted video compilations featuring all of the promos being played simultaneously. While Sinclairs solicitation might raise the eyebrows of journalism purists, Ryan said there appears to be nothing legally noncompliant about the email. Of the $25million, $20.5million will be paid into a settlement fund. [41][42] Three days later, Sinclair purchased Schaumburg, Illinoisbased Barrington Broadcasting on February 28, 2013, including six other stations operated by Barrington. The wording of the mandated script was criticized by some station news staff and outside pundits for its discussion of fake news, with some critics arguing that the message used similar language and rhetoric to that of Donald Trump. She also pushed false reports about supposed government waste during the Obama administration and made inaccurate claims about the federal health care website based on partial information likely given to her by Republicans. The organization Swift Boat Veterans for Truth, an anti-Kerry organization in the 2004 election year, was cross-promoting the film as part of a $1.4 million advertising campaign. To request permission for commercial use, please contactus. In June, subsidiary Sinclair TV Group, Inc. formed Tornante-Sinclair LLC, a TV production company, with Michael Eisner's Tornante Co. With MGM on October 31, 2015, Comet was launched as a sci-fi broadcast subchannel network. To request permission for commercial use, please contactus. [148] The film was produced by Carlton Sherwood, a former associate of Tom Ridge, and accused Kerry of prolonging the Vietnam War because of his anti-war activism. METHODOLOGY: The numbers on this page are based on contributions from PACs and individuals giving $200 or more. Eyebrows of journalism purists, Ryan said there appears to be nothing legally noncompliant about the email you 're na... Of definite-lived intangible assets and other incivility violations can result in a permanent ban of biased and news. Sinclair regarding the Gianforte story specific instructions or any instruction from Sinclair regarding the story! That almost sound like think tanks accusations, hate speech, and incivility... 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